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2019 – A year marked by difficult market conditions and project related challenges

Highlights of the fourth quarter 2019

  • Order intake decreased 17% to EUR 1,555 million (1,874)
  • Net sales increased 10% to EUR 1,684 million (1,532)
  • Book-to-bill amounted to 0.92 (1.22)
  • Comparable operating result decreased to EUR 202 million (226), which represents 12.0% of net sales (14.7)
  • Earnings per share decreased to 0.17 euro (0.25)
  • Cash flow from operating activities decreased to EUR 295 million (349)

Highlights of the review period January-December 2019

  • Order intake decreased 16% to EUR 5,327 million (6,307)
  • Order book at the end of the period decreased 5% to EUR 5,878 million (6,166)
  • Net sales were stable at EUR 5,170 million (5,174)
  • Book-to-bill amounted to 1.03 (1.22)
  • Comparable operating result decreased to EUR 457 million (577), which represents 8.8% of net sales (11.2)
  • Earnings per share decreased to 0.37 euro (0.65)
  • Cash flow from operating activities decreased to EUR 232 million (470)
  • Dividend proposal 0.48 euro per share (0.48)

The comparable operating result includes charges related to project cost overruns in the Marine and Energy businesses, which amounted to EUR 68 million in the fourth quarter and EUR 152 million for the full year 2019.

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